Category

Personal Finance
Financial Q&A
A running thread of reader questions and our answers and research about the impact of COVID-19 on your finances.
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EI/CERB Updates
Stay at home orders have forced many Canadians to be temporarily out of work and collecting government benefits for the first time in their lives. This article is continuously updated with q+a about the Canadian Emergency Response Benefit (CERB) and EI to help Canadians apply for and receive their benefits.
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Financial Wellbeing
Running commentary and news updates on COVID-19's impact on banking, real estate, mortgages, government relief programs, personal credit, and other financial health matters of concern to Canadians.
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Save 100k good hygiene
Many services are available to give Canadians free access to their credit scores, but the problem is they all provide different results. No industry standards exist to ensure credit score consistency. The solution is to worry about overall 'credit hygiene' rather than any specific credit score. We provide nine strategies to manage credit hygiene and...
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If You Have Considered a Reverse Mortgage, Now Might Be the Best Possible Time to Tap Into Your Home Equity Reverse Mortgage is an idea whose time is now. Factor together our aging population, exploding home values, and the high cost of living, there is so much home equity that seniors age 55 and over...
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Text:Rising Interest Rates And Your Mortgage Background: Well-lit home in the evening
Published: • Since the summer of 2017 we have seen the Bank of Canada Prime interest rate increase five times – from a low of 2.7% to the current 3.95%. This means that most homeowners with variable rate mortgages saw their mortgage payment increase five times in eighteen months! At the same time, five-year fixed...
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BEST MORTGAGE CONSUMER 700450X THUMBNAIL
When the bank said 'no' to mortgage renewal because of a consumer proposal, switching to an alternative lender and paying off the consumer proposal early provided immediate debt relief and improved cash flow.
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